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LyondellBasell Industries NV (NYSE:LYB)’s share price hit a new 52-week high during mid-day trading on Monday , Stock Ratings Network.com reports. The company traded as high as $113.65 and last traded at $113.06, with a volume of 764,793 shares traded. The stock had previously closed at $112.14.

Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of LyondellBasell Industries NV from $108.00 to $123.00 in a research note on Wednesday, August 6th. Separately, analysts at Jefferies Group raised their price target on shares of LyondellBasell Industries NV from $120.00 to $125.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of LyondellBasell Industries NV in a research note on Monday, July 28th. They now have a $115.00 price target on the stock, up previously from $109.00. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $114.40.

The stock’s 50-day moving average is $105.5 and its 200-day moving average is $95.56. The company has a market cap of $57.867 billion and a price-to-earnings ratio of 14.90.

LyondellBasell Industries NV (NYSE:LYB) last announced its earnings results on Friday, July 25th. The company reported $2.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.92 by $0.30. The company had revenue of $12.12 billion for the quarter, compared to the consensus estimate of $11.45 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts expect that LyondellBasell Industries NV will post $8.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 8th. Stockholders of record on Monday, August 25th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, August 21st.

LyondellBasell Industries N.V. is an independent chemical company. The Company’s chemicals businesses consist of processing plants that convert volumes of liquid and gaseous hydrocarbon feedstock into plastic resins and other chemicals.

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